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What happens in SA if a person does not pay there debts can they be jailed for it?
In South Africa, a person cannot be jailed solely for failing to repay debts. However, creditors can take legal action to recover the debts through civil court processes, which may result in asset seizure, wage garnishment, or a garnishee order against the debtor's bank account. Non-payment of debts is a civil matter, not a criminal offense.
What happens if you die with debt but you have no assets?
If you die with debt but have no assets, typically your creditors will not be able to collect on the debt. Your estate is responsible for paying off your debts, so if there are no assets in your estate, the debt may not be fully repaid. Your heirs are generally not responsible for your debt unless they were co-signers on the loan.
What are Arizona's laws concerning original creditors collection agencies third party collectors lawsuits bankruptcy and SOL?
Wow! I am afraid that would take a considerable length of time to impart all that info. In general original creditors do not have to follow the FDCPA when pursuing collections (but they usually do).All other collection agencies do have to adhere to the FDCPA. Only attorneys can initiate lawsuits. Federal BK statutes apply in Arizona, but there are state exemptions which can also be used (simplified explanation). The SOL is 3 years on credit card debt. You may want to consult www.azleg.state.az.us for more info. Or email me if I can be of any further help.
What are the Garnishment laws in Kansas?
What is the total amout a person can be garnished for in Kansas At present four U.S. states - North Carolina, Pennsylvania, South Carolina and Texas - do not allow wage garnishment at all except for debts related to taxes, child support, federally guaranteed student loans, and court-ordered fines or restitution for a crime the debtor committed. Normally the maximum is 25% of wages.
If you skip the court date for the creditors lawsuit what happens?
If you skip your court date for a creditors lawsuit, a default judgment may be entered against you, allowing the creditor to take legal action to collect the debt. This could lead to wage garnishment, bank account seizure, or other forms of enforcement to recover the debt. It's important to attend court dates or seek legal advice to address the issue appropriately.
Why did Daniel shays tried to take over Massachusetts arsenal?
The state court threatened to take his farm away.
What happens in SA if a person does not pay there debts can they be jailed for it?
In South Africa, a person cannot be jailed solely for failing to repay debts. However, creditors can take legal action to recover the debts through civil court processes, which may result in asset seizure, wage garnishment, or a garnishee order against the debtor's bank account. Non-payment of debts is a civil matter, not a criminal offense.
Can you take your wifes underwear off?
No
Can the bankruptcy court take your tax refund for 2004 if bankruptcy was filed in Dec 2004 if this was not discussed at the Creditors Meeting?
I think it depends on when your debts are discharged. If they were already discharged, it was a Chapter 7 bankruptcy, and it wasn't discussed at the creditors meeting, then the refund is yours. Besides, imagine if you filed on April 15th. You might not get your refund until later June or almost July, and that's months from when your debts were discharged. I'm pretty sure it's yours.
Mother recently died does son inherent her debt?
Her son would "inherit" the debt only if he co-signed with her as a borrower. Her estate would pay the debts and the creditors would take the loss if the procedes from the estate were insufficient.
If you file bankruptcy because of personal debts related to your business then sell your business after the bankruptcy can the courts take your proceeds?
== == YES. All of your property is considered in a bankruptcy. Your creditors have every right to get at ALL of your property including your business assets. I would be very surprised if the court didn't order the sale of the business to satisfy the creditors demands.
Can a bank take savings account after a discharge?
If the question is can they take it after you have filed and the account was opened after you filed and was discharged complete, NO. Can they take it before total discharge NO, but you must list it as an asset on the bankruptcy it is then shared with all creditors. Remember when you file it freezes ALL assets and debts that where acquired before you file but not after>
If you inherit a house can creditors take that house to pay outstanding debts?
Most states provide some form of homestead exemption against creditors for your primary residence. However, the amount protected varies by state. The inherited property may be vulnerable to your creditors. Your creditors may seek judgment liens in civil court and may be able to record those liens in the land records thereby preventing a refinance or sale until the liens are paid. You should consult with an attorney, perhaps the attorney who is handling the estate.
Can my creditors take money from my son savings accounts where I a a custodian?
Yes, creditors can potentially access funds in a custodial account if you are the custodian and the account is under your name. Since you control the account until your son reaches the age of majority, creditors may argue that the funds are available to satisfy your debts. However, laws vary by state, and some protections may apply, so it's advisable to consult with a legal expert for specific guidance.
Can creditors take my 401k?
No...almost impossible.
Can creditors take a lien on your bank account?
NO!
Scores Credit: How To Improve Your Beacon Score With Ease?
Scores credit is a very serious subject that should not be taken lightly. It is virtually impossible to get exceptional terms on loans if you have a low credit score. This is the primary reason why one should take measures that will help them maintain or improve their credit score. Settling old debts with creditors is a simple way of removing negative information from your credit file. Many creditors will be open to wiping out your debts by settling for nearly half of the original amount owed. Settling old debts can increase scores credit within a matter of weeks.
